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KADANT INC — Director's Dealing 2022
Apr 1, 2022
31258_dirs_2022-04-01_1c097694-5f63-4ffe-a54f-0cdf6c1ec10f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2022-03-31
Reporting Person: Langevin Eric T (Executive Vice President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-31 | Common Stock | M | 1488 | — | Acquired | 33409 | Direct |
| 2022-03-31 | Common Stock | F | 660 | $195.31 | Disposed | 32749 | Direct |
| 2022-03-31 | Common Stock | M | 392 | — | Acquired | 33141 | Direct |
| 2022-03-31 | Common Stock | F | 174 | $195.31 | Disposed | 32967 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-31 | Restricted Stock Unit | $0.0 | M | 1488 | Disposed | Common Stock (1488.0) | Direct | |
| 2022-03-31 | Restricted Stock Unit | $0.0 | M | 392 | Disposed | Common Stock (392.0) | Direct | |
| 2022-03-31 | Restricted Stock Unit | $0.0 | D | 2976 | Disposed | Common Stock (2976.0) | Direct | |
| 2022-03-31 | Restricted Stock Unit | $0.0 | D | 496 | Disposed | Common Stock (496.0) | Direct |
Footnotes
F1: The shares represent the settlement under a performance-based Restricted Stock Unit ("RSU") award granted March 2, 2020. Pursuant to the terms of an executive transition agreement between the reporting person and the Issuer dated October 27, 2021 ("Transition Agreement"), the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
F2: The shares represent the settlement under a time-based RSU award granted March 2, 2020. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
F3: The shares represent the forfeiture under a performance-based RSU award granted March 9, 2021.
F4: The shares represent the forfeiture under a time-based RSU award granted March 9, 2021.